Tax File

The IRS has now provided its taxpayers with a tool to lodge their income tax returns for free. Called the Free File, you can electronically file your income tax return for free using the online forms. The tax file process involves a three-step process which is easy to follow. First involves getting all your tax file information ready including copies of last year’s income tax returns and forms, such as 1099 and W-2. You also need to find out what your adjusted gross income or AGI is by checking your income tax return for the previous year. If you have other questions regarding your tax file, you can always refer to FAQ provided. The second step includes choosing whether to use the online or software version of Free File. Finally, you can electronically file your income tax return and receive the refund in 21 days. For a more secure transaction, you can opt for direct deposit.